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5. Financial Update and Redistribution of the RIPE NCC Surplus
Presentation from the Chief Financial Officer of the RIPE NCC.
The RIPE NCC Executive Board strongly suggests that the RIPE NCC 2019 financial surplus or a part of it is added to the Clearing House reserve. Therefore, the RIPE NCC Executive Board puts forward two alternative options, according to which:
The total of the RIPE NCC 2019 financial surplus will be added to the Clearing House reserve (Option A); or
50% of the RIPE NCC 2019 financial surplus will be added to the Clearing House reserve and 50% is redistributed to the membership in 2020 (Option B).
For Resolution 1
Option A: The formal resolution
“The General Meeting approves that the RIPE NCC 2019 financial surplus will be added to the Clearing House reserve.”
If Option A is not adopted, the RIPE NCC Executive Board puts forward the following resolution:
Option B: The formal resolution
“The General Meeting approves that 50% of the RIPE NCC 2019 financial surplus will be added to the Clearing House reserve and 50% of the RIPE NCC 2019 surplus will be redistributed to the membership in 2020.”
If neither resolution is adopted, the RIPE NCC 2019 financial surplus will be redistributed to membership in 2020 according to the RIPE NCC Clearing House Procedure.
Voting takes place under agenda point 7. If Option A is adopted, then the result of the voting on Option B will not be taken into account.